Nisa Investment Advisors LLC Buys 3,530 Shares of Smurfit Westrock PLC (NYSE:SW)

Nisa Investment Advisors LLC grew its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 73.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,354 shares of the company’s stock after buying an additional 3,530 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Smurfit Westrock were worth $376,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. bought a new position in Smurfit Westrock during the 4th quarter worth about $30,000. Tsfg LLC acquired a new stake in Smurfit Westrock in the first quarter worth about $30,000. Versant Capital Management Inc increased its holdings in shares of Smurfit Westrock by 54.0% in the first quarter. Versant Capital Management Inc now owns 779 shares of the company’s stock valued at $35,000 after purchasing an additional 273 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in shares of Smurfit Westrock in the first quarter valued at about $40,000. Finally, Huntington National Bank acquired a new position in shares of Smurfit Westrock in the 4th quarter valued at about $50,000. Institutional investors own 83.38% of the company’s stock.

Insiders Place Their Bets

In other news, Director Irial Finan acquired 15,180 shares of the stock in a transaction on Tuesday, May 6th. The stock was bought at an average price of $39.21 per share, with a total value of $595,207.80. Following the completion of the transaction, the director directly owned 54,893 shares of the company’s stock, valued at $2,152,354.53. The trade was a 38.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SW. Truist Financial raised their target price on Smurfit Westrock from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Wells Fargo & Company boosted their price target on shares of Smurfit Westrock from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Jefferies Financial Group upgraded shares of Smurfit Westrock from a “hold” rating to a “buy” rating and raised their price objective for the stock from $44.00 to $55.00 in a research report on Monday, June 16th. Royal Bank Of Canada decreased their target price on shares of Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Finally, Morgan Stanley upped their target price on shares of Smurfit Westrock from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average price target of $57.90.

Smurfit Westrock Stock Up 1.0%

Shares of NYSE SW opened at $45.87 on Thursday. The firm has a market cap of $23.94 billion, a P/E ratio of 37.60 and a beta of 1.02. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.43. Smurfit Westrock PLC has a 1 year low of $37.01 and a 1 year high of $56.99. The firm’s 50 day moving average price is $44.47 and its 200 day moving average price is $46.81.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. The firm’s revenue was up 161.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, May 19th were given a dividend of $0.4308 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 3.7%. Smurfit Westrock’s dividend payout ratio (DPR) is 140.98%.

Smurfit Westrock Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.